I. The Securities and Exchange Commission (“Commission”) deems it necessary and appropriate for the protection of investors that public administrative proceedings be, and hereby are, instituted pursuant to Section 12(j) of the Securities Exchange Act of 1934 (“Exchange Act”) against Respondents Spendthrift Farm, Inc., Sport of Kings, Inc., Sportsend, Inc., Stacey’s Buffet, Inc., Star Partners, Ltd., Sterling Equity Holdings, Inc., Sterling Financial Corp., and Storage @ccess Technologies, Inc. (n/k/a Bluepoint Data, Inc.).
II. After an investigation, the Division of Enforcement alleges that:
A. RESPONDENTS
1. Spendthrift Farm, Inc. (CIK No. 729499) is a void Delaware corporation located in Tulsa, Oklahoma with a class of securities registered with the Commission pursuant to Exchange Act Section 12(g). Spendthrift is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 10-K for the period ended June 30, 1993, which reported a net loss of $18,539 for the prior twelve months.
2. Sport of Kings, Inc. (CIK No. 317191) is a void Delaware corporation located in Atlantic Beach, Florida with a class of securities registered with the Commission pursuant to Exchange Act Section 12(g). Sport of Kings is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 10-QSB for the period ended August 31, 1994, which reported a net loss of over $2.8 million for the prior nine months.
3. Sportsend, Inc. (CIK No. 857132) is a Nevada corporation located in Clearwater, Florida with a class of securities registered with the Commission pursuant to Exchange Act Section 12(g). Sportsend is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 10-QSB for the period ended October 31, 2001, which reported a net loss of $123,959 for the prior nine months. As of October 25, 2010, the company’s stock (symbol “SPSD”) was traded on the over-the-counter markets.
4. Stacey’s Buffet, Inc. (CIK No. 831984) is a dissolved Florida corporation located in Clearwater, Florida with a class of securities registered with the Commission pursuant to Exchange Act Section 12(g). Stacey’s Buffet is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 10-Q for the period ended March 25, 1998, which reported a net loss of over $2.24 million for the prior three months. On June 17, 1998, the company filed a Chapter 7 petition in the U.S. Bankruptcy Court for the Middle District of Florida, which was terminated on October 31, 2001. As of October 25, 2010, the company’s stock (symbol “SBUFQ”) was traded on the over-the-counter markets.
5. Star Partners, Ltd. (CIK No. 820760) is a revoked Florida corporation located in Winter Park, Florida with a class of securities registered with the Commission pursuant to Exchange Act Section 12(g). Star Partners is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 10-K for the period ended December 31, 1992, which reported a net loss of $303,217 for the prior twelve months.
6. Sterling Equity Holdings, Inc. (CIK No. 1160544) is a revoked Nevada corporation located in Houston, Texas with a class of securities registered with the Commission pursuant to Exchange Act Section 12(g). Sterling Equity is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 10-KSB for the period ended December 31, 2005, which reported a net loss of $585,900 for the prior twelve months.
7. Sterling Financial Corp. (CIK No. 94140) is a dissolved Illinois corporation located in Dallas, Texas with a class of securities registered with the Commission pursuant to Exchange Act Section 12(g). Sterling Financial is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 10-Q for the period ended June 30, 1996, which reported a net loss of $46,861 for the year ended December 31, 1995. On October 16, 1995, the U.S. District Court for the Western District of Missouri permanently enjoined Sterling Financial from violations of Exchange Act Section 13(a) and Rule 13a-1. The company has violated that injunction.
8. Storage @ccess Technologies, Inc. (n/k/a Bluepoint Data, Inc.) (CIK No. 1136395) is a Yukon corporation located in Boca Raton, Florida with a class of securities registered with the Commission pursuant to Exchange Act Section 12(g). Storage Access is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 10-SB registration statement on April 26, 2002, which reported a net loss of over $18.2 million for the prior twelve months. As of October 25, 2010, the company’s stock (symbol “BLPXF”) was traded on the over-the-counter markets.
B. DELINQUENT PERIODIC FILINGS
9. As discussed in more detail above, all of the Respondents are delinquent in their periodic filings with the Commission, have repeatedly failed to meet their obligations to file timely periodic reports, and failed to heed delinquency letters sent to them by the Division of Corporation Finance requesting compliance with their periodic filing obligations or, through their failure to maintain a valid address on file with the Commission as required by Commission rules, did not receive such letters.
10. Exchange Act Section 13(a) and the rules promulgated thereunder require issuers of securities registered pursuant to Exchange Act Section 12 to file with the Commission current and accurate information in periodic reports, even if the registration is voluntary under Section 12(g). Specifically, Rule 13a-1 requires issuers to file annual reports, and Rule 13a-13 requires issuers to file quarterly reports.
11. As a result of the foregoing, Respondents failed to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 thereunder.
III. In view of the allegations made by the Division of Enforcement, the Commission deems it necessary and appropriate for the protection of investors that public administrative proceedings be instituted to determine:
A. Whether the allegations contained in Section II hereof are true and, in connection therewith, to afford the Respondents an opportunity to establish any defenses to such allegations; and,
B. Whether it is necessary and appropriate for the protection of investors to suspend for a period not exceeding twelve months, or revoke the registration of each class of securities registered pursuant to Section 12 of the Exchange Act of the Respondents identified in Section II hereof, and any successor under Exchange Act Rules 12b-2 or 12g-3, and any new corporate names of any Respondents.